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Market Cap 33.18M P/E - EPS this Y - Ern Qtrly Grth -
Income -30.3M Forward P/E -0.25 EPS next Y - 50D Avg Chg -6.00%
Sales 4.93M PEG - EPS past 5Y - 200D Avg Chg -7.00%
Dividend N/A Price/Book 0.72 EPS next 5Y - 52W High Chg -62.00%
Recommedations - Quick Ratio 1.60 Shares Outstanding 59.46M 52W Low Chg 28.00%
Insider Own 5.98% ROA -42.21% Shares Float 55.97M Beta 2.10
Inst Own 6.85% ROE -77.49% Shares Shorted/Prior 2.92M/3.21M Price 0.56
Gross Margin 37.10% Profit Margin - Avg. Volume 189,429 Target Price -
Oper. Margin -431.81% Earnings Date Jul 10 Volume 341,345 Change -6.01%
About Ocean Power Technologies, Inc.

Ocean Power Technologies, Inc. develops and commercializes proprietary power platforms that generate electricity by harnessing the renewable energy of ocean waves in North America, South America, Australia, and Asia. It offers PB3 PowerBuoy that generates power for use independent of the power grid in offshore locations. The company also provides Next Generation PowerBuoy; subsea battery systems; and software, controls, sensors, integration services, and marine installation services. In addition, it offers Wave Adaptive Modular Vessel (WAM-V) technology, which enables roaming capabilities for uncrewed maritime systems in waters; leases WAM-V robotics and access information; maritime domain awareness solutions; and strategic consulting services. Further, the company provides offshore data collection, integration, analytics, and real time communication for various applications. It serves public and private entities, and agencies that require remote offshore power. Ocean Power Technologies, Inc. was incorporated in 1984 and is headquartered in Monroe Township, New Jersey.

Ocean Power Technologies, Inc. News
04/22/24 Paragon Calls on Ocean Power to Cease Any and All Future Equity Raises That Dilute Existing Stockholders to Fund OPT's Losses and Executive Compensation
04/17/24 Ocean Power Technologies looks to expand growth teaming with major defense contractor
04/17/24 Ocean Power Technologies Announces Participation in NATO Digital Ocean Industry Symposium
04/16/24 Ocean Power Technologies Announces Teaming Agreement with Major International Defense Contractor to Deploy Maritime Domain Awareness Solutions
04/12/24 Paragon Technologies Files Complaint Alleging Ocean Power Technologies Failed to Achieve a Legitimate Quorum at its Annual Meeting of Shareholders
04/12/24 AI & Technology Hybrid Investor Conference Agenda: Presentations Now Available for Online Viewing
04/09/24 Ocean Power Technologies teams with Red Cat to provide advanced maritime defence solutions
04/09/24 AI & Technology Hybrid Investor Conference Presented by Water Tower Research Agenda Announced for April 10 and 11
04/09/24 Red Cat Begins Integration of Teal 2 Drones with Ocean Power Technologies Maritime Surveillance Solution for Air, Sea, and Subsea Defense and Security Missions
04/08/24 Ocean Power Technologies Announces Strategic Alliance with Red Cat for Advanced Maritime Defense Solutions
04/02/24 Ocean Power Technologies Announces “Merrows”: A Consolidated Solution for Maritime Domain Awareness
04/01/24 Ocean Power Technologies to Present at the AI & Technology Hybrid Investor Conference Presented by Water Tower Research on April 10
03/27/24 Ocean Power Technologies secures key deal for WAM-V USV's in Latin America
03/26/24 Ocean Power Technologies Secures $1.5 Million in Purchase Orders for WAM-V USV's in Latin America
03/13/24 Ocean Power Technologies, Inc. Announces Third Quarter Fiscal 2024 Results
02/28/24 Ocean Power Technologies secure key deal for WAM-V Unmanned surface vehicles
02/27/24 Ocean Power Continues to Ignore Small Individual Investors Instead Focusing on Institutional Investors Who Own Relatively Little OPT Stock
02/21/24 Ocean Power Technologies to Report fiscal 2024 Third Quarter Results on March 13, 2024
02/15/24 Paragon Asks Ocean Power CEO Stratmann to Provide Shareholder Transparency to Recent Announcements - Believes Ocean Power Will Report Significant Losses in Upcoming Quarterly Earnings Release
02/14/24 Ocean Power Technologies Receives Funding for AT&T 5G-Enabled PowerBuoy® Deployment in Monterey Bay
OPTT Chatroom

User Image PhilipBio Posted - 6 minutes ago

$OPTT anybody an estimate how much cash they have available per april?

User Image Doeyex Posted - 3 hours ago

$OPTT

User Image ZACHSPIZZA Posted - 3 hours ago

$OPTT back to .30

User Image blahblahblah20 Posted - 6 hours ago

$OPTT Yes I am

User Image Tinyhawks Posted - 14 hours ago

$OPTT still here. Still holding

User Image PiratesoftheMarket Posted - 19 hours ago

$OPTT i know im going to check this one day and see a huge run to $495.00

User Image trill5556 Posted - 20 hours ago

$OPTT Today, Paragon Technologies is announcing its willingness to invest up to $3 million in non-dilutive preferred equity in OPT to save the Company from likely insolvency and put the company on a path to finally delivering value for shareholders. “From day one Paragon has been fully committed to doing what is best for OPT shareholders and we are demonstrating that now by our willingness to put more money into the Company,” states Gad. “Our investment will require our direct involvement in the oversight of OPT, but that is a given considering the value destruction that has occurred in recent years. Instead of diluting shareholders and paying a fee of 3 percent to do so, we are prepared to put real money into OPT and do so quickly.”

User Image MrBuoyman Posted - 20 hours ago

$OPTT

User Image Raleigh_Theodore_Sakers Posted - 20 hours ago

$OPTT sup with the large print inside buys 👀

User Image Doeyex Posted - 1 day ago

$MULN check out (electric waves) @ $OPTT and get your championship rings back

User Image colbyco3 Posted - 1 day ago

$OPTT what is up with this stock lately :-/ trying to hold on for some kind of return, but doesn’t look like it’ll ever come back🤷‍♂️

User Image blahblahblah20 Posted - 1 day ago

$OPTT I am

User Image ai_SmartBuoy_Fan Posted - 1 day ago

$OPTT

User Image alrightythen69 Posted - 3 days ago

$OPTT Ready for launch

User Image alrightythen69 Posted - 3 days ago

$OPTT Pic 2

User Image alrightythen69 Posted - 3 days ago

$OPTT At the Jersey shore

User Image jiselley Posted - 3 days ago

$OPTT

User Image ta72 Posted - 3 days ago

$OPTT I sold my 5000 shares @0,1772-0,1790 and took a loss of 13 % about 140 bucks. Good luck longs and have a nice weekend. I catched a falling knife and bought too early...:(

User Image MrBuoyman Posted - 3 days ago

$OPTT this must be some short action. These buoys are about to skyrocket 🚀 soon! ✨

User Image Raider72 Posted - 4 days ago

$OPTT Pure trash.

User Image blahblahblah20 Posted - 4 days ago

$OPTT I'm

User Image BinSF Posted - 4 days ago

$OPTT The paragon legal battle combined w/ future capital issues makes me lean towards OPT finally getting sold to another big military giant like $LMT $LHX $RTX $NOC. Since OPT’s secured their ‘foot in the door’ w/ 🇺🇸 gov via their MDAs/Defense products, I would expect you’d see a healthy bidding war well above $1 to maybe $3.00 per share. All these companies could scale it better and make much more profit . And I know we throw around ‘acquisition talks’ far too often on stocktwits but many legit signs point this inevitability. I’ve been slowly adding on this drop and will continue to accumulate. Gonna be fun watching some 🐻 accounts get destroyed when this halts early one morning then opens above $1.00.

User Image ai_SmartBuoy_Fan Posted - 4 days ago

$OPTT $1 options coming out?? No leaps have rolled out this year... Will they cease them? 🤔

User Image bonpensiero Posted - 5 days ago

$OPTT very strange price action here. Something going on but it’s hard to say what. Stay tuned

User Image colbyco3 Posted - 5 days ago

$OPTT well this is flat out sucks! Definitely regretting ever investing in this company a few years ago…. I figured with this kind of technology in the world looking for alternative resources, this would’ve been a lot better than what it was then. Now it’s selling for pennies… I guess I should have gotten out along time ago. Averaging down doesn’t help with a failing company.

User Image Dingo2 Posted - 5 days ago

$OPTT Wonder if Paragon is purposely dumping and shorting; taking his ball and going home.... ;)

User Image ta72 Posted - 5 days ago

$OPTT I took a falling knife yesterday with my entry above 0,20...

User Image blahblahblah20 Posted - 5 days ago

$OPTT

User Image Pointgd4242 Posted - 5 days ago

$OPTT Im confused. If Paragon is so hell bent on taking over leadership roles and using their shareholder ownership as leverage . Why is Paragon selling so many shares ? Have they given up the fight ?

User Image vaselineguy Posted - 5 days ago

$OPTT told ya

Analyst Ratings
Ascendiant Capital Strong Buy May 9, 13
Insider Trades Relationship Date Transactions Cost($) #Shares Value($) #Share Own SEC Form 4
Slaiby Peter E. Director Director Sep 28 Buy 0.39 25,000 9,750 96,577 10/02/23
Stratmann Philipp President and CEO President and CEO Sep 15 Buy 0.4126 12,115 4,999 93,807 09/18/23
Stratmann Philipp President and CEO President and CEO Jan 13 Option 0.74 21,000 15,540 104,662 01/17/23
Powers Robert Patrick Senior VP and CFO Senior VP and CFO Jan 13 Option 0.74 10,889 8,058 48,389 01/17/23